Affinity World Leaders Etf Market Value
| WLDR Etf | USD 30.10 0.02 0.07% |
| Symbol | Affinity |
The market value of Affinity World Leaders is measured differently than its book value, which is the value of Affinity that is recorded on the company's balance sheet. Investors also form their own opinion of Affinity World's value that differs from its market value or its book value, called intrinsic value, which is Affinity World's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Affinity World's market value can be influenced by many factors that don't directly affect Affinity World's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Affinity World's value and its price as these two are different measures arrived at by different means. Investors typically determine if Affinity World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Affinity World's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Affinity World 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Affinity World's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Affinity World.
| 04/14/2023 |
| 03/04/2025 |
If you would invest 0.00 in Affinity World on April 14, 2023 and sell it all today you would earn a total of 0.00 from holding Affinity World Leaders or generate 0.0% return on investment in Affinity World over 690 days. Affinity World is related to or competes with American Century, PIMCO RAFI, and ProShares. The fund normally invests at least 80 percent of its net assets in equity securities included in the index More
Affinity World Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Affinity World's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Affinity World Leaders upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0152 | |||
| Maximum Drawdown | 4.35 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.31 |
Affinity World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Affinity World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Affinity World's standard deviation. In reality, there are many statistical measures that can use Affinity World historical prices to predict the future Affinity World's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.0276 | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Affinity World's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Affinity World Leaders Backtested Returns
Affinity World Leaders secures Sharpe Ratio (or Efficiency) of -0.062, which signifies that the etf had a -0.062 % return per unit of standard deviation over the last 3 months. Affinity World Leaders exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Affinity World's risk adjusted performance of (0.03), and Mean Deviation of 0.6839 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Affinity World's returns are expected to increase less than the market. However, during the bear market, the loss of holding Affinity World is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
Affinity World Leaders has good predictability. Overlapping area represents the amount of predictability between Affinity World time series from 14th of April 2023 to 24th of March 2024 and 24th of March 2024 to 4th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Affinity World Leaders price movement. The serial correlation of 0.71 indicates that around 71.0% of current Affinity World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 2.38 |
Affinity World Leaders lagged returns against current returns
Autocorrelation, which is Affinity World etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Affinity World's etf expected returns. We can calculate the autocorrelation of Affinity World returns to help us make a trade decision. For example, suppose you find that Affinity World has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Affinity World regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Affinity World etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Affinity World etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Affinity World etf over time.
Current vs Lagged Prices |
| Timeline |
Affinity World Lagged Returns
When evaluating Affinity World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Affinity World etf have on its future price. Affinity World autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Affinity World autocorrelation shows the relationship between Affinity World etf current value and its past values and can show if there is a momentum factor associated with investing in Affinity World Leaders.
Regressed Prices |
| Timeline |
When determining whether Affinity World Leaders is a strong investment it is important to analyze Affinity World's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Affinity World's future performance. For an informed investment choice regarding Affinity Etf, refer to the following important reports:
Check out Affinity World Correlation, Affinity World Volatility and Affinity World Alpha and Beta module to complement your research on Affinity World. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Affinity World technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.